Some of the benefits of viewing online payroll information include a greater sense of security and privacy, the ability to view the details at any time and higher levels of accuracy from the online payroll system. Viewing the payroll information online also means reduced expenses for the business and eliminates the need for physical storage for the employee.
Online payroll systems offer high levels of privacy because most systems require a unique set of credentials to access the information for each employee, whereas paper systems are vulnerable to theft and unauthorized access. Employees can keep the information secure through the digital system instead of keeping physical copies in a private location. Employees and employers do not need to worry about destroying the documents to protect the information if there is a need to dispose of physical copies, as all the information is encrypted online. Similarly, both parties do not need to maintain any physical records of the payroll, which reduces storage needs and costs.
The employee can immediately access her payroll details and pay stubs with an online service, removing the need to submit requests for copies from the company. Additionally, online payroll systems also help to reduce errors due to the built-in system of checks for compliance with tax information and pay rates. The online system also allows the employee to collect multiple pay stubs quickly for use in tax matters.